“A lot of crypto people are paranoid or distrustful of people,” says Andrew Wagner, CEO of Blockchain Gaming. However, that didn’t stop millions of dollars invested in cryptocurrencies from being lost in the wake of the Gerald Cotten case .
In 2012, Bitcoin was consolidated as a virtual currency, and in the following years it experienced a sharp rise, to the point where in 2013 the total market value reached 1 billion dollars.
At the time, many people were betting on this cryptocurrency. Tong Zou was one austria number data of them, as recounted in the Netflix documentary You Can't Trust Anyone. The Hunt for the Cryptocurrency King . This audiovisual piece tells us everything that happened with Cotten, which, to this day, remains a mystery.
Gerald Cotten founded QuadrigaCX in 2013, at the height of the cryptocurrency boom. The trading and buying platform was intended to help those interested in the world of cryptocurrencies. However, by 2018, the value of bitcoin had dropped significantly.
get rid of the cryptocurrencies. To that end, he exchanged $400,000 for bitcoin through the website and sold it. However, when he tried to withdraw it, he couldn't. And that happened to many people.
Months of complaints and claims were of no use, as the responses were inconclusive and did not solve the problem. Some of the victims even organized themselves in a Telegram group , seeking an explanation for not being able to recover their money.